REGISTERED NUMBER: 07771851 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CORNERSTONE CONSTRUCTION (BRISTOL) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N E Stone

SECRETARY:

REGISTERED OFFICE:

Woodbine Cottage

Clevedon Lane

Clapton in Gordano

Portishead

Bristol

BS20 7RG

REGISTERED NUMBER:

07771851 (England and Wales)

ACCOUNTANTS:

Branscombe Accountancy Services Limited

2 Branscombe Walk

Portishead

North Somerset

BS20 8LP

BANKERS:

HSBC Bank Plc

40 High Street

Portishead

Bristol

BS20 6EN

FIXED ASSETS

Tangible assets

4

53,047

63,807

CURRENT ASSETS

Stocks

5,580

20,710

Debtors

5

234,436

312,109

Prepayments and accrued income

7,699

5,208

Cash at bank

234,728

99,502

482,443

437,529

CREDITORS

Amounts falling due within one year

6

224,421

189,799

NET CURRENT ASSETS

258,022

247,730

TOTAL ASSETS LESS CURRENT LIABILITIES

311,069

311,537

CREDITORS

Amounts falling due after more than one year

7

32,647

62,654

NET ASSETS

278,422

248,883

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

278,421

248,882

SHAREHOLDERS' FUNDS

278,422

248,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

N E Stone - Director

1.	STATUTORY INFORMATION

Cornerstone Construction (Bristol) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

11,504

12,418

89,372

5,174

118,468

Additions

661

-

14,990

4,559

20,210

Disposals

-

-

(27,750

)

-

(27,750

)

At 31 March 2025

12,165

12,418

76,612

9,733

110,928

DEPRECIATION

At 1 April 2024

4,004

3,178

44,069

3,410

54,661

Charge for year

1,224

1,386

11,171

1,580

15,361

Eliminated on disposal

-

-

(12,141

)

-

(12,141

)

At 31 March 2025

5,228

4,564

43,099

4,990

57,881

NET BOOK VALUE

At 31 March 2025

6,937

7,854

33,513

4,743

53,047

At 31 March 2024

7,500

9,240

45,303

1,764

63,807

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

31,966

DEPRECIATION

At 1 April 2024

21,852

Charge for year

2,529

At 31 March 2025

24,381

NET BOOK VALUE

At 31 March 2025

7,585

At 31 March 2024

10,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

183,924

258,463

Other debtors

50,512

53,646

234,436

312,109

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

2,661

2,661

Trade creditors

102,687

63,041

Taxation and social security

70,077

68,481

Other creditors

38,996

45,616

224,421

189,799

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,236

12,439

Hire purchase contracts

888

3,548

Other creditors

29,523

46,667

32,647

62,654